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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
I Owe You is a written instrument drawn by
Question # 2
IOU is a document
Question # 3
Which letter of credit is issued for a single or particular transaction:
Question # 4
Which one can be crossed :
Question # 5
Which of the following parties of a letter of credit is called beneficiary
Question # 6
Which of the following is a non-commercial letter of credit
Question # 7
What is the nature of credit instrument IOU
Question # 8
If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Question # 9
Where are the stock certificates sold and bought
Question # 10
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
Question # 11
Which letter of credit is accompanied by some documents
Question # 12
The letter of credit which can be endorsed to another person is called:
Question # 13
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 14
What does the bank receive on issuing a letter of credit:
Question # 15
Stock certificate is a document issued by
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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M Mubashira 10 - Jul - 2021 00 Min 09 Sec 15/15 -
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H Hassan Abid 22 - Jun - 2022 01 Min 10 Sec 15/15 -
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A ALI AZAM 09 - Jul - 2021 01 Min 48 Sec 13/15
ICom Part II Class Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which letter of credit is automatically renewed by fulfilling certain conditions |
A. Fixed
B. Documentary
C. Confirmed
D. Revolving
|
| 2 | Which of the following is a non-commercial letter of credit |
A. Irrevocable letter of credit
B. Red-clause letter of credit
C. Special letter of credit
D. Traveller's letter of credit
|
| 3 | What is recieved by the post office on money order: |
A. Profit
B. Interest
C. Commision
D. All of the above
|
| 4 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
| 5 | If the exporter is not the receiver (beneficiary) of money then a letter of credit is called: |
A. Resolving
B. Back to Back
C. Transferable
D. None of the above
|
| 6 | If there is no guarantee to honour a letter of credit then it is called: |
A. Confirmed letter of credit
B. Irrevocable letter of credit
C. Unconfirmed letter of credit
D. None of the above
|
| 7 | Stock certificate is a document issued by |
A. Commercial bank
B. Central bank
C. Limited companies
D. Stock-market
|
| 8 | The first stage or step between importer and exporter for the purpose of sale and purchase is: |
A. Oath or undertaking
B. Agreement
C. Contract with bank
D. Issuing of L.C
|
| 9 | Which letter of credit is accompanied by some documents |
A. Confirmed
B. Documentary
C. Non-documentary
D. All the above
|
| 10 | Which letter of credit is issued for a single or particular transaction: |
A. Fixed
B. Revocable
C. Red clause
D. Green Clause
|
Test Questions
